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Buying your first home is a challanging and rewarding process.  You must educate yourself and be aware of the things you need to do to make the most of the situation and make sure you're getting what you pay for.

There are may reasons for refinancing one's home.  From debt consolidation, to home improvement, to taking the equity built over the years and going on that dream vacation.  Prepare yourself by learning from the mistakes of others before you close the deal

Home Equity Credit Lines can be a valuable asset to any homeowner.  Learn what not to do when applying for a home equity line of credit.

You can protect yourself against losing your home to inappropriate lending practices. Here's how:

Do:

Ask specifically if credit insurance is required as a condition of the loan. If it isn't, and a charge is included in your loan and you don't want the insurance, ask that the charge be removed from the loan documents. If you want the added security of credit insurance, shop around for the best rates.

There are several things home buyers can do to help ensure they’re getting an objective report and that the relationship between the inspector and the real estate agent does not pose a conflict of interest.

Be careful about using an inspector recommended by your real estate agent. Instead, consider asking friends or relatives if they know an inspector they like and trust. But evaluate inspectors on your own. Do not delegate this responsibility to agents, loan officers, or anyone else ...

Once you know what each lender has to offer, negotiate for the best deal that you can. On any given day, lenders and brokers may offer different prices for the same loan terms to different consumers, even if those consumers have the same loan qualifications. The most likely reason for this difference in price is that loan officers and brokers are often allowed to keep some ...

Getting out of debt isn't easy, especially if you carry high balances, as many of us do. One strategy is to consolidate your debts into a single, lower- interest interest loan. Finding that loan can be a challenge, though, if you already have a fair amount of debt. So you may find that you have to get creative.

There are two major types of mortgage loans -- those with fixed interest rates and monthly payments and those with changing rates and payments. However, there are many variations of these plans on the market, and you should shop carefully for the mortgage that best suits your needs.

A general rule is that you usually can qualify for a mortgage loan of two to two and one-half times your household's income. For example, if your family has an income of $30,000 a year, you can usually qualify for a mortgage of $60,000 to $75,000.

Competition among lenders has given consumers a broad array of choices, but it hasn't made comparison-shopping easy. Mortgages now come in nearly every conceivable combination of interest rate, duration, and fee structure.

Which loan makes the most sense depends on how long you plan to remain in the home and the monthly payment you can afford. If you live in a city where co-operative apartments are common, you will probably have fewer options.